Akron Beacon Journal, July 18, 2007
The United Steelworkers union has reached a tentative contract with the buyer of Goodyear's Engineered Products division.
In March, Goodyear Tire & Rubber Co. announced it planned to sell almost all of its Engineered Products business, which makes hoses and conveyor belts, to The Carlyle Group for $1.475 billion.
As part of the deal, Goodyear has agreed to let Carlyle use the Goodyear brand in connection with the Engineered Products business.
The division has about 6,500 employees worldwide in 32 countries, including about 500 at the
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